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Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one

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Answer #1

Materials Price Variance = (SP-AP) * AQ

= (2.50 - 2.40)*11,400

= 1140 F

.

Materials Quantity Variance = (SQ-AQ) * SP

= (1140*5.90 - 10260) * 2.50

= 8835 U

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